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-----Original Message-----
From: Kent Rollins <kentr@xxxxxxxxxxxxxx>
To: OmegaList <omega-list@xxxxxxxxxx>
Date: Thursday, July 08, 1999 10:19 AM
Subject: Re: Omega Class Action Lawsuit Dismissed
>Anyone know what this case was over? Why were those brokers included?
Kent:
The reality today is that EVERY publicly-held company gets hit with
one of these suits. Any stock that falls below its IPO price triggers
an automatic class-action suit, accusing the company of bilking poor,
innocent investors.
Now sure, the sentiment on this list is sometimes negative toward
Omega for .... well, for a lot of things (hey, I've been negative at times
myself). But these suits against every company whose stock price
falls are pretty bogus. Needless to say, the only party who benefits
is the law firm that organizes the case.
Jay Mackro
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